It ranked first in the “Investment Attractiveness and Environment” category.
The Arab Criticism: The UAE is the first in the Arab world in the competitiveness of Arab economies
The Arab Monetary Fund revealed that the UAE maintained its first position in the general index of “competitiveness of Arab economies”, as a result of its acquisition of first place at the group level as a whole in the “investment environment and attractiveness” index.
In the “Competitiveness of Arab Economies 2022” report, the Fund added that Qatar ranked second in the general index of competitiveness of Arab economies, while Saudi Arabia, Kuwait, Oman, and Bahrain ranked third, fourth, fifth, and sixth, respectively.
"Government Finance"
According to the report, the UAE and Saudi Arabia occupied the first and second positions in the “government finance sector” index, respectively. While Saudi Arabia benefited from its advanced position in the "public revenues to GDP" index.
The Arab Monetary Fund report stated that Kuwait ranked third in the "government finance sector" index at the country level, benefiting from the public revenue index to the gross domestic product.
Cash and banking
The UAE also ranked first at the level of the Arab countries in the “Monetary and Banking Sector” index, benefiting from its advanced position in the “Domestic Liquidity to Gross Domestic Product” index, and in the “Foreign Assets Growth Rate” and “Ratio of Credit Granted to the Private Sector” indicators. to the gross domestic product.
Kuwait came in second place, as a result of the low non-performing loans index out of total loans, and its advanced position in the “ratio of credit granted to the private sector to GDP” index.
external sector
The report stated that Saudi Arabia achieved first place at the level of Arab countries in the “foreign sector” index, as a result of its obtaining first place at the level of the group as a whole in the index: “official reserves for commodity imports,” while the UAE came in third place, benefiting from its third place. in the “current account-to-GDP” index, and advanced in the “terms of trade” index.
investment attractiveness
The report indicated that the UAE achieved the first place at the level of the Arab countries in the “Investment Attractiveness and Environment” index, while Qatar, Oman, Bahrain and Saudi Arabia ranked second, third, fourth and fifth at the level of the group of Arab countries, respectively.
economic harpoon
The UAE ranked first in the Arab world on the "economic freedom" index, as a result of its advanced positions in all sub-indicators, while Qatar ranked second in the Arab countries, benefiting from its third place in the "tax burden" index, and advanced positions in the "tax burden" index. Property rights”, while Kuwait came in third place due to its advanced position in some sub-indicators.
Good governance
The UAE also ranked first at the level of Arab countries in the “Institutions and Good Governance Sector” index, as a result of its second place in the “combating administrative corruption” and “government effectiveness” indicators, followed by Qatar in second place with its progress in the “anti-corruption” indicators. administrative and the rule of law.
While Saudi Arabia came in third place as a result of its progress in the indicators: “combating administrative corruption” and “government effectiveness”.
Infrastructure
The UAE ranked first among the Arab countries in the "infrastructure sector" index.
This is due to its acquisition of the first place in the indicators of transport and air freight, cellular phone subscription, and the time allotted for obtaining electric energy, while Qatar ranked second, and Kuwait ranked third.
Follow our latest local and sports news and the latest political and economic developments via Google news